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Topic: PnF TA - page 42. (Read 190669 times)
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Moon was past rally.
Now:
Now:
Important target is 370-385. Beyond that 450. Beyond that....
Important target is 370-385. Beyond that 450. Beyond that....
Can you translate your PnF charts to a buy or sell signal ? 
(Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)
(Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)On the contrary, I'd say when the resistance is broken it IS a buy signal... But yes; we're on the verge right now...
Can you translate your PnF charts to a buy or sell signal ? (Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)
They are more of take profit price (364) and buy back in the pull back, so far we have no sell in the daily charts... (Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)Now if this was the overall top is hard to know, a sell signal in the daily will probably mean so.
Can you translate your PnF charts to a buy or sell signal ? (Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)
(Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)On the contrary, I'd say when the resistance is broken it IS a buy signal... But yes; we're on the verge right now...
Can you translate your PnF charts to a buy or sell signal ? (Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)
(Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?)
Bitstamp 2h HL 3x2 - Almost hit 364 resistance!
BITSTAMP 1d HL 3%x3 - Resistance almost hit too!
BITSTAMP 1d HL 3%x5 - Resistance almost broken!!
BITSTAMP 1d CLOSE 2%x3 - Small x are the live price (we will probably close a lot lower). See where it stopped...
BITSTAMP 1d HL 3%x3 - Resistance almost hit too!
BITSTAMP 1d HL 3%x5 - Resistance almost broken!!
BITSTAMP 1d CLOSE 2%x3 - Small x are the live price (we will probably close a lot lower). See where it stopped...
Also, IMHO we will test the 70 resistance of 1w RSI - this must be somewhere between 345-385.
It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
Just happened!It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
Choo Choo...
Also, IMHO we will test the 70 resistance of 1w RSI - this must be somewhere between 345-385.
It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
Just happened! It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
Huh ? What did I just see ?
Anyway, 331 is a buy signal....
so what happens next?
Another 33% will be if we close below 310 and another if we close 296 and lower.
If this was only a pullback, next stop will be between 345-385 (can't be more accurate at the moment).
As for lower targets we have 274, 255, 248
345-385 here we come
Short term analysis, 2h HL (3$ x 2):
Which channel will prevail?
Which channel will prevail?
Also, IMHO we will test the 70 resistance of 1w RSI - this must be somewhere between 345-385.
It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
A new bear trend is now 33% probable (we closed daily below 318).
Does that mean a bull trend is 66% probable?Technically the trendline breaks very low (about 230-240) so I need another tool to estimate if we are gonna test <295 prices.
So I use my daily log scale CLOSE charts.
1% already reversed (33% bearish).
For every one of the other two (2% & 3%) reversing I am adding another 33%.
Up target (345-385) is based on various chart resistances (bullish and/or bearish ones).
Lower targets are POs based on reversals of the daily charts:
2x2 HL - 274
4x3 HL - 248
1%x3 - 255
A new bear trend is now 33% probable (we closed daily below 318).
Does that mean a bull trend is 66% probable?That would be 67%
Seriously now, nothing has changed significantly; this was a most welcome retrace that signifies the trend is not a bubblish (well, it is, a little) and we may head towards much greater things...
A new bear trend is now 33% probable (we closed daily below 318).
Does that mean a bull trend is 66% probable? Huh ? What did I just see ?
Anyway, 331 is a buy signal....
so what happens next?
Another 33% will be if we close below 310 and another if we close 296 and lower.
If this was only a pullback, next stop will be between 345-385 (can't be more accurate at the moment).
As for lower targets we have 274, 255, 248
Huh ? What did I just see ?
Anyway, 331 is a buy signal....
so what happens next?
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